3111 240th StCharles CityIA50616
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Charles City at 3111 240th St, Charles City, IA, 50616 earns from $1,914/mo rent with a $2,643/mo payment. Total monthly income totals $1,914/mo. ROI tracks 9.3% on current figures, and rental yield reads 4.25% at a $539,900 purchase. Equity gained on principal adds $3,484/yr, and 5% annual appreciation supports $149,164 over five years. Five-year ROI reaches 46.33% and total cumulative return in cash sums $82,303. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,914/mo property income instead of your personal income.
Single Family
Built in 1940
12.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50616, Charles City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,851 (100%) |
| Owner Occupied HU | 3,118 (64.3%) |
| Renter Occupied HU | 1,283 (26.4%) |
| Vacant Housing Units | 450 ( 9.3%) |
| Median Home Value | $144,621 |
| Average Home Value | $199,722 |
Housing Distribution
Address Breakdown
Residential
4,396
Single Family
4,122
Multi-Family
274
Businesses
392
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Listed by: Kevin M Kolbet • Kolbet Realtors
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20255860